Cash withdrawal limits to go from March 13: RBI ..

[Sai Jai]

You can withdraw as much cash as
you want from March 13. The Reserve
Bank of India today said it will remove
the cap on cash withdrawals from
saving bank accounts in two phases
since it expects cash supply to improve
by next month.
In the first phase, the withdrawal limit
will be raised to Rs 50,000 from Rs
24,000 a week, effective February 20.

The limits on cash withdrawals from
savings bank account will be
withdrawn completely from March 13.
[/b]
As of now, there is no limit on current
account and there is a cap of Rs 50,000
for farmers a week and Rs 2.5 lakh for marriage. Read More: RBI: Cash withdrawal limits to go from March 13 - The Economic Times

 

[iSK]

RE: RBI Relax Cash withdraw from Bank ..

Good News hya

 

[Ritesh]

RE: RBI Relax Cash withdraw from Bank ..

Weekly withdrawal limit for savings accounts to be raised to Rs 50,000 from February 20; no limit from March 13: RBI

 

[rahul1117kumar]

RE: RBI Relax Cash withdraw from Bank ..

Cash withdrawal limit from saving bank accounts to be increased to Rs 50,000; no restrictions from March 13: RBI

All restrictions on cash withdrawals from saving bank accounts will be removed from March 13, said the Reserve Bank of India. The RBI said also the limit on cash withdrawals from saving bank accounts will be relaxed in two stages. In the first stage, RBI will increase the cash withdrawal limit from Rs 24,000 to Rs 50,000. From 13 March there will be no limit on cash withdrawal from savings bank accounts, said the RBI. The limits were placed following the November 8 demonetisation of Rs 1,000 and Rs 500 notes.

“The limits on savings bank cash withdrawals post-demonetisation are to be withdrawn in two stages,” said the Reserve Bank of India. “Cash withdrawal limit will be increased from Rs 24,000 to Rs 50,000 from February 20,” said the central bank. “There will be no restrictions on cash withdrawals from March 13,” it added.

The RBI on January 30 ended all curbs on withdrawals from Current Accounts, Cash Credit Accounts and Overdraft Accounts. However, the curbs on Savings Bank accounts across the counter remained.

Cash withdrawal limit from saving bank accounts to be increased to Rs 50,000; no restrictions from March 13: RBI - India.com

 

[Abhi]

RE: RBI Relax Cash withdraw from Bank ..

Wow Great Newshya